Finance & Economy

The government has just announced a new step in reducing deconfinement which will be applied from this Sunday, July 19 at midnight. – Hotels can use 100% of their accommodation capacity without always exceeding 50% for their common areas (restaurants, swimming pools, sports halls, etc.) – Public transport can go …

In line with its development plan, McDonald’s in Morocco is inaugurating its 53rd restaurant in Zenata and announces the opening of its 54th in Hay Inara – Ain Chock (Casablanca) towards the end of October. The brand intends to create 2,000 direct jobs by 2024. The 53rd McDonald’s restaurant was …

The strong actions of the Moroccan private sector in the global fight against the Covid-19 pandemic and in favor of economic recovery are analyzed in a new report entitled Morocco Covid-19 Response Report (CRR) written by Oxford Business Group ( OBG), in partnership with the Moroccan Agency for Investment and …

In the new ranking of the richest African countries, published by the World Bank, Morocco is in 5th place. Unsurprisingly, the United States and China lead the world rankings. Morocco is in the top 5 with 118.72 billion dollars. It is preceded by Algeria, ranked in 4th place with 169.9 …

The Interior Ministry made 514 decisions to close industrial units for failure to comply with the precautionary measures that the authorities recommended in order to combat the spread of Covid19. In fact, since the resumption of economic activities, almost half of the cases recorded in Morocco (47%) have come from …

According to the Minister of Economy, Finance and Administrative Reform, Mohamed Benchaâboun, in the context of the health crisis, support for Moroccan businesses was not limited to large structures, specifying that 89% of beneficiaries of the “Damane Oxygene” program are very small companies whose turnover does not exceed MAD 10 …

Morocco is among the 10 richest nations in Africa according to the World Bank and has kept its fifth position as the continent’s largest economic nation in terms of GDP after, Nigeria, South Africa, Egypt and Algeria. The Kingdom is ahead of Angola, Kenya, Ethiopia, Tanzania and Ghana in this …

The American firm Mosaic, based in Florida, complains of imports of phosphate fertilizers into the United States. It has filed petitions with the United States Department of Commerce and the International Trade Commission (ITC) requesting the initiation of countervailing duty investigations into imports of phosphate fertilizers from Morocco and Russia. …

Moroccan companies, helped by the Ministry of Industry, are stepping up the rate of manufacturing protective masks against the coronavirus. 14 million masks. Here is the figure relating to the quantity manufactured per day by the kingdom. This figure shows that in two months, production has doubled. Moroccan companies that …

Morocco exported nearly 3,385 tonnes of olive oil to the European Union (EU) during the period from October 2019 to April 2020, a drop of 62.4% compared to the previous season. Ranked the world’s fifth largest producer of olive oil, behind Spain, Tunisia, Italy and Greece, Morocco occupies the same …